EDISON, NJ., April 5, 2012 – Majesco Entertainment Company (NASDAQ: COOL), an innovative provider of video games for the mass market, announced today that Double Dragon: Neon will be released as a full-scale digital game on Xbox LIVE® Arcade for the Xbox 360® video game and entertainment system from Microsoft and PlayStation®Network this summer. Majesco Entertainment has once again partnered with WayForward, the award-winning team known for bringing franchise favorites including BloodRayne: Betrayal back to audiences in exciting new ways, and is thrilled for the fan-favorite developer to put its signature spin on the father of all brawlers: Double Dragon! Double Dragon: Neon isn’t a shoddy sequel – it’s a face-melting 80’s tour de force! Featuring bodacious characters, gnarly combat, and a retro aesthetic, it’s pure over-the-top baditude…to the max!

“Double Dragon: Neon is far from a standard retro remake,” said Sean Velasco, Director, WayForward. “It’s WayForward’s love letter to the decade that spawned the franchise - the music, the style, and culture of the 80’s pulse through the nucleus of Double Dragon: Neon. But don’t think this is a simple graphical facelift; with our innovative ‘mix tape’ level up system and power-up high-fives, we pushed it to the limit!”

Known for the beautiful aesthetics and renowned gameplay of A Boy and his Blob, Contra 4, Batman: The Brave and the Bold, and BloodRayne: Betrayal, WayForward is applying its focused attention to detail on Double Dragon: Neon. Taking place in a hyper-saturated omniverse, players beat up baddies across earth and beyond against the Black Dragon Clan’s most nefarious leader yet- the supernatural scourge Skullmageddon. You could go it alone, but why wouldn’t you want to grab a buddy and take your game to the next level with drop-in, drop-out online ‘Bro-Op'?!

Gamers will get a tempting glimpse of this fresh take on Double Dragon this week at PAX East where Double Dragon: Neon will be debuting a playable demo at the Reverb Booth (808).

Double Dragon: Neon on Xbox LIVE Arcade for Xbox 360 and PlayStation®Network is expected to release this summer. To get the 411 about Double Dragon: Neon, please visit booth #808 at PAX EAST Convention Center, and visit the website www.DoubleDragonNeon.com, Facebook (www.facebook.com/doubledragonneon) or Twitter (www.twitter.com/doubledragonneo).

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About Majesco Entertainment Company
Majesco Entertainment Company is a leading developer and publisher of video games for the mass market. Building on more than 20 years of operating history, the company is focused on developing and publishing a wide range of casual and family oriented video games on all leading console and handheld platforms as well as online, social networks and mobile devices. Product highlights include Zumba® Fitness, Cooking Mama™ and Alvin and the Chipmunks. The company's shares are traded on the Nasdaq Stock Market under the symbol: COOL. Majesco is headquartered in Edison, NJ with offices in San Francisco, CA, Brockhampton, UK, and a social games development studio in Foxboro, MA. More info can be found online at www.majescoentertainment.com or on Twitter at www.twitter.com/majesco.

About WayForward
WayForward is a premium independent game developer based in Southern California. For over 20 years WayForward has partnered with leading software publishers to bring critically acclaimed and commercially successful games to market across multiple platforms.